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Situated in the desert and surrounded by mountains, Tucson is a city in the western portion of the United States. The city is abundant with sunshine throughout the year. It is home to The University of Arizona, exciting nightclubs, and many prickly cacti. It is considered one of the best places to golf in the world. Three Major League Baseball teams conduct spring training in the city, and Tucson contains many biking trails. Birds are abundant in Tucson, and the city boasts some of the best air in the country. The city is home to more than 526,000 people; however, the citizens of Tucson are not without their problems. Many of the residents find themselves deep in debt with no end in sight. Bills pile up quickly, and you have no idea how you are going to make your monthly obligations. In this case, debt settlement could be what you need to get back on your feet.

What is Debt Settlement?

Debt settlement is an agreement between you and your creditors that will allow you to settle for a much lower amount. You can try to settle the debt on your own, or you can hire a debt settlement company to negotiate with your creditors. If you hire a company, you will pay a certain amount each month. The company will then pay your creditors. Debt settlement programs are normally three years or less. Debt settlement can allow you a way to get out of debt, but it does take time.

Who Qualifies for Debt Settlement?

Not everyone qualifies for a debt settlement program. The debt must be unsecured debt, so debt that has collateral attached to it does not qualify. You need to already be behind on your payments, and you need to have more than $7,500 in qualifying debt.

Advantages of Debt Settlement

If you are considering debt settlement, you need to know the benefits of the program. One of the benefits is that you can avoid bankruptcy. Bankruptcy should be your last resort. Debt settlement offers a way to get out of debt without resorting to bankruptcy.

In addition, debt settlement allows you to pay off your debt quicker. It gives you a way out and a light at the end of the tunnel. You will also be paying less to the debt settlement company than what you would be paying to a creditor each month.

Having debt problems can be such a stressful experience. Debt settlement can help relieve some of the anxiety you are feeling. You can get your creditors off your back, so the tension you feel will ease for the time being.

Debt settlement can save you money. You can negotiate to pay up to 50% less than what you owe. This can save you a ton of money.

Wealth and Poverty in Tucson

30.7% of residents in Tucson are living in poverty. This is above the state’s average. Arizona’s poverty rate is quite a bit above the nation’s average. In fact, Tucson is listed as one of the poorest cities in the country. The median household income stands at $37,149. The unemployment rate in Tucson sits at 5.4%.

Socioeconomics in Tucson

According to the census bureau at, 69.7% of people in Tucson are white. 5% are African American, and 2.7% are American Indian. 2.9% are Asian. 41.6% are Hispanic. 84.2% of people over the age of 25 have a college degree. 25.2% of Tucson residents have a bachelor’s degree or higher.

Arizona Debt Relief Laws

Arizona incorporates laws to protect consumers from unfair practices. Creditors or debt collection agencies are not allowed to threaten you or harass you in any manner. They cannot try to intimidate you. They are not allowed to call you at your work if you tell them not to. Creditors cannot call you before 8:00 in the morning, and they cannot call you after 9:00 in the evening. You have the right to dispute the debt, but you must do it in writing. If you send them a cease and desist letter, they must stop contacting you.

Tucson Debt Relief Resources

You can find numerous resources to help you with debt relief in Arizona. If you choose to hire a company to help you, make sure they are reliable. Do not let a company charge you an up-front fee for their services. Also be wary of companies who promise you that they can get you out of debt quickly.

Tucson is a vibrant city that has much to offer its residents. Do not let debt keep you from enjoying the sights and sounds of Tucson. Debt can occur for many reasons. Whatever the reason, there is a way out. If you are drowning in debt, see if debt settlement might be the option you seek.